Mathematically, GDP equals:
A) C + I + G - NX.
B) C + I + G + NX.
C) Y + C + G - NX.
D) Y + C + G + NX.

Name: Mathematically, GDP equals: A) C + I + G - NX. B) C + I + G + NX. C) Y + C + G - NX. D) Y + C + G + NX.
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Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is calculated as the sum of Consumption (C), Investment (I), Government Spending (G), and Net Exports (NX), which is exports minus imports. Therefore, the correct formula is C + I + G + NX.

Mathematically, GDP Equals